petrogarch

plural petrogarchs

1. Someone who is part of a small group that controls the petroleum industry, and hence has power over lives and governments similar to the powers of an oligarch.

   ... selling out to the petrogarchs of Russia and Qatar was simply a master stroke of evil genius.

   2010, B. Dowbiggin, “Pursuing MLSE a survival strategy for Rogers”, in The Globe and Mail

   1 more example

   Why focus on gas in particular? Because gasoline is where the world’s petrogarchs have us by the short hairs.

   2012, J. Rauch, “Ban Gasoline”, in The Atlantic